GREY:VFGGF - Post by User
Comment by
ofirmeon Jan 17, 2014 12:56pm
264 Views
Post# 22104552
RE:RE:RE:RE:why so many insider buying just few months ago??
RE:RE:RE:RE:why so many insider buying just few months ago?? smart money would not have bought into the company at $2 per share (over $500M market cap at
the time). especially when the money was used to drill for $5.4M per well. whoever was in then,
was big money. not smart money. they paid $500M for a company much less valuable than
today, but with more dreams on wells that do not follow the history
reference to lone pine will show that their curve type was expected to be peak of 180 and IP30 of
145. it takes a long time to recoup $5.4M for these numbers, but much less time to recoup
$3.4M (today's cost).
Good luck to the company and to us, its share holders.